Intracranial Pressure Monitoring Devices Market Size, Share & Trends Analysis Report By Technique (Invasive, Non-invasive), By Application (Traumatic Brain Injury, Intracerebral Hemorrhage), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the intracranial pressure monitoring devices market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for intracranial pressure monitoring devices market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of intracranial pressure monitoring devices market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Intracranial Pressure Monitoring Devices Market Categorization:

The intracranial pressure monitoring devices market was categorized into four segments, namely technique (Invasive, Non-invasive), application (Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, CSF Management, Migraine, Stroke, Hydrocephalus, EEG), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The intracranial pressure monitoring devices market was segmented into technique, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The intracranial pressure monitoring devices market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; U.K.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Intracranial pressure monitoring devices market companies & financials:

The intracranial pressure monitoring devices market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Medtronic is a global health solutions company that develops, manufactures, distributes, and commercializes device-based medical therapies & services. It operates through four reportable segments: minimally invasive therapies, cardiac & vascular, restorative therapies, and diabetes. Its cardiac surgery products consist of positioning and stabilization systems for beating heart surgery. The company makes innovations in its surgical space by incorporating robotic and automated technologies. Its minimally invasive therapy products consist of mesh fixation devices & hardware instruments and surgical products, including vessel sealing instruments, wound closure, stapling devices, electrosurgery products, and mesh implants. In addition, it offers products in the fields of minimally invasive gastrointestinal diagnostics, inhalation therapy, renal care solutions, and interventional lung. This segment also develops gynecology products for the treatment of uterine fibroids, polyps, uterine cancer, and endometriosis. The company has a global presence and operates in more than 370 locations across 160 countries.

• Integra LifeSciences Corporation provides innovative solutions in patient care, such as neurosurgery, orthopedics, and reconstructive & general surgeries. Its services include implants and medical devices for ankle & foot, wrist & hand, wound repair, and peripheral nerve protection. It is known for providing patient care solutions in neurosurgical instruments to surgical centers and hospitals. Its Codman Specialty Surgical segment offers products used for the treatment of brain tumors, hydrocephalus management, cerebral spinal fluid management, and other neurological conditions. The company markets its neurovascular and neurosurgical devices under Codman Neuro.              

• Raumedic AG is focused on the research, development, manufacturing, and distribution of medical-grade thermoplastic polymers & silicones. Major business segments of the company include medical technology, pharma, hospital care, and other technologies. Its hospital care portfolio includes neuromonitoring, gastroenterology, urology, and traumatology products. The company has a strong global presence through its distributor network and has manufacturing units and advanced R&D centers.

• SOPHYSA specializes in developing adjustable neurosurgical valves. The company’s portfolio includes devices belonging to three different categories: ICP monitoring, CSF drainage, and neurosurgical shunts. The company’s major customers include hospitals and clinics. The company has a global presence through its branch offices and a wide distribution network. It was acquired by TKB Group in 1989. This acquisition helped SOPHYSA expand its business activities globally.       

• Spiegelberg GmbH & Co. KG manufactures, markets, and distributes innovative neurosurgical products. The company specializes in manufacturing and marketing ICP monitors & probes. Its current portfolio includes a wide range of products designed for ICP monitoring, external CSF drainage, IAP monitoring, hydrocephalus, and other surgical instruments. The company maintains collaborations with several research institutes and medical specialists to develop products as per the requirements of patients & surgeons. Its distribution network covers business activities in around 55 countries worldwide.       

• Natus Medical Incorporated is a manufacturer and provider of medical devices and services used for screening, detection, treatment, monitoring, and tracking of medical conditions such as neurological dysfunction, sleep disorders, hearing impairment, & mobility disorders. The company operates through three segments: newborn care, neuro, and hearing & balance. The company's product offerings include neurodiagnostic systems for neurology, audiology, polysomnography, and neonatology; newborn care products such as phototherapy devices; and incubators, among other products. Its products are used in hospitals, clinics, university medical centers, research laboratories, and private practices worldwide.        

• Gaeltec Devices Ltd. is a privately held company that develops, manufactures, and markets medical pressure measurement equipment. The company provides a wide range of techniques used in different application fields for pressure measurement, including esophageal, gastrointestinal, anorectal & urological pressure transducers, and ambulatory recorders. Moreover, the company provides a range of catheter-mounted electrodes for ECG and EMG measurement. It markets products through UK distributors in Europe, the U.S., Japan, India, Hong Kong, Australia, China, New Zealand, Uruguay, South Africa, Canada, and other countries.

• Neural Analytics, Inc. is a medical robotics company that develops and commercializes technologies to assess & track brain health. The company offers devices to treat TBI, hydrocephalus, subarachnoid hemorrhage, stroke, and brain tumors. It develops neurovascular ultrasound devices to noninvasively measure and display brain blood flow information, which enables physicians to accurately assess mild-to-severe TBI cases and improve patient outcomes.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Intracranial Pressure Monitoring Devices Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Intracranial Pressure Monitoring Devices Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.